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Feb 8, 2013
02/13
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." >> here's what's coming up on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a final budget during a second summit arranged especially to do so. we will go live to brussels for the latest in just a moment. >> that's right -- the drastically reduced seven-year budget is worth 959 billion euros and was hammered out after two days of nearly round-the- clock negotiations and is far less than the just over $1 trillion euros -- and the one trillion euros the commission had originally proposed. >> german chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cam
." >> here's what's coming up on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a...
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Feb 28, 2013
02/13
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CNBC
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it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip with the european union. this seems like one area where it comes into focus. >> and it still has to be officially signed off. but at the moment, that's what's laid out. >> i just wonder if mayor bloomberg in new york is going, yeah, go ahead, guys. guys, if you want your bonus, you can come right over here. >> they're all looking at this thinking, this is good for pus. >> the other story we're following this morning is the sequester. fitch has said it could prompt negative ratings action. not because of the sequester itself necessarily, but because of the politics and the way it was handled. head to cnbc.com to rea
it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip...
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Feb 16, 2013
02/13
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WMPT
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britain is a big supporter of turkey joining the eu. there were negotiations within the eu, and first, here is what is at stake. over the past six decades, the eu has expanded from a handful of states to its current membership of 27. the union has evolved into the world's biggest trading bloc. turkey, as well as eight countries, are still hoping to join. it seems a long journey. an associate member since 1963, turkey applied for full membership in 1987 and has been negotiating the terms ever since. under eu law, aspiring member states must comply to ensure that they are politically, financially, and psychologically ready to join. the turkish prime minister has set a deadline of 2023 to invite them to the party. but there is his country's human rights record, the dispute over cyprus, and other obstacles. so why does turkey still want to join it? after a number of unhappy years? my colleague talks to the man responsible. >> minister, after some 25 years of trying to be a full member of the eu, in terms of the formalities of it, the 1980's
britain is a big supporter of turkey joining the eu. there were negotiations within the eu, and first, here is what is at stake. over the past six decades, the eu has expanded from a handful of states to its current membership of 27. the union has evolved into the world's biggest trading bloc. turkey, as well as eight countries, are still hoping to join. it seems a long journey. an associate member since 1963, turkey applied for full membership in 1987 and has been negotiating the terms ever...
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Feb 8, 2013
02/13
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CNBC
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the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut. arguably, we can walk away and say we got what we asked for. the question is what happens with the eu contributions? do we still walk away with our rebates, too? we are starting to see information filtering through now. the italians on a growth income national basis, they're the highest contributors. they're probably happy with the latest contribution. the dutch are set to lose a third of their rebate. so the question is, in this tit for tat world that we have here in brussels, what would appease them? they have been arguing for cuts to the
the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut....
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Feb 2, 2013
02/13
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KCSM
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greece has the highest level of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents looking for a job cannot find one. youth unemployment figures are especially worrisome. nearly one in four young people under the age of 25 cannot have a job. youth unemployment in spain tops 55%. >> german lawmakers began debating friday a controversial ban on the far-right party. the previous attempts to outlaw it failed in 2003. >> this new drive to ban the party came after revelations that a neo-nazi group linked to the npd carried out a decade- long string of racially motivated murders. >> a former high-ranking member of the far right npd is thought
greece has the highest level of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents...
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Feb 1, 2013
02/13
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KCSM
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one of the main things that the eu foreign ministers have confirmed today is the dispatch of troops, not for fighting, as i say, but for training -- to train malian forces so they are competent to take over from french troops. the mission will be from the country's 500 troops, probably, a gauge in training of forces -- the mission will be from many countries 500 troops, probably, engaged in training up forces. it takes time, and who knows what the situation will be by then? but that is as much as is on offer from the foreign ministers at today's meeting. >> a german court has ruled that the lone survivor of a neo-nazi group can face multiple murder charges at her trial planned for later this year. she's accused of helping her accomplices killed 10 people across germany. most of them from acting minorities over 14 years. the two men were found dead in 2011. zschape has been in custody since then. for more on the background, our political correspondent sent us this report. >> this is the story of how a hate-filled the and not the trio went on a rampage over a number of years that left
one of the main things that the eu foreign ministers have confirmed today is the dispatch of troops, not for fighting, as i say, but for training -- to train malian forces so they are competent to take over from french troops. the mission will be from the country's 500 troops, probably, a gauge in training of forces -- the mission will be from many countries 500 troops, probably, engaged in training up forces. it takes time, and who knows what the situation will be by then? but that is as much...
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Feb 18, 2013
02/13
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CNBC
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most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last night promised to hold a referendum on the matter in 2017. and the troubles amounting to the spanish flagship airline iberia is likely to cause widespread chaos and cost the airline millions. the strike begins tonight. 70,000 passengers are likely to be affected, piling further pressure on the nation's already struggling tourist industry. iberia report a loss of 25 2 million euros during the first nine months of 2012. >>> francesca is still with us. we want to get your thoughts on a km of themes here. i know we've been talking about the eu, we've did you discussed how you see the euro special being a headwi
most eu countries including eu and france support bonus curves holing banks to a one to one bonuses salary ratio. the newspaper says the uk has suggested an alternative proposal that bans cash bonuses exceeding salaries. but still, a pretty extraordinary development as it moves forward the. >> yeah. meanwhile, being a part of europe, for most britains, a new poll reveals that only one in three british citizens would vote to stay in the eu. the conservative ruling british government last...
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Feb 22, 2013
02/13
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CNBC
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we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circums
we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back...
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Feb 26, 2013
02/13
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CNBC
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i'd love to know what they're going to say bearing in mind that they're not exactly pro eu parliament. so that will be fascinating, won't it? let's face it, anti-austerity was the theme of this. bearing in mind, we've got 50% of voters coming around to say grillo or berlusconi, we don't want aus tearpy. anyway, the bill fall guy in this election was the prime minister, the technocrat who ran, marto monte. let's hear what he's been saying in the aftermath of these electoral disaster. >> translator: it's still too early to consider any solution, nor does it rest upon me to find one. but right now, i consider it is essential that there's maximum transparency between the political forces because we're all faced with a very serious responsibility. the government must ensure responsibility for the entire country. >> okay. so more analysis. alana fred reeko joins us now. you've had a big meeting today already, loradonna. you shook my hand. lovely. thank you. no one else did today. what did you guys decide is the way forward? >> following the outcome of the italian election, the situation loo
i'd love to know what they're going to say bearing in mind that they're not exactly pro eu parliament. so that will be fascinating, won't it? let's face it, anti-austerity was the theme of this. bearing in mind, we've got 50% of voters coming around to say grillo or berlusconi, we don't want aus tearpy. anyway, the bill fall guy in this election was the prime minister, the technocrat who ran, marto monte. let's hear what he's been saying in the aftermath of these electoral disaster. >>...
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Feb 12, 2013
02/13
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CSPAN
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referendum or an eu budget cut? >> i am very grateful to my honorable friend for his support. it is absolutely right to say that the british parliament speaks clearly about these issues and is listened to carefully in the corridors of brussels. that is true. we should always respect the fact that it is to this parliament that prime ministers have to answer. >> what did other leaders say to the prime minister in the margins about a british referendum? does he believe that this budget deal makes the case for britain staying in europe stronger? >> i would say that the reaction that i have had to the speech i made a few weeks ago has been, on the whole, fairly positive, because people can see that it is not some simplistic argument about an immediate referendum -- it is a well-argued case, i would say, for how europe should reform and how we should secure britain's place within it. these discussions show that britain can get good deals done with partners in europe having made a speech on that subject. i think that actua
referendum or an eu budget cut? >> i am very grateful to my honorable friend for his support. it is absolutely right to say that the british parliament speaks clearly about these issues and is listened to carefully in the corridors of brussels. that is true. we should always respect the fact that it is to this parliament that prime ministers have to answer. >> what did other leaders say to the prime minister in the margins about a british referendum? does he believe that this budget...
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Feb 13, 2013
02/13
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BBC2
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dna testing across the eu. bute, used on horses, but should not be in the human food chain. not be in the human food chain. right across europe, to get to the bottom of this problem. bottom of this problem. marked "beef", and finding it contains horse. contains horse. got this meetinging pulled together at short notice today. at short notice today. come forward with proposelia that is we wanted. is we wanted. products, that will help reassure the consumer. the consumer. informed about what we are all eating. eating. romania is to blame for some of the adulterated meat products. adulterated meat products. confidence about how horsemeat is produced in his country. produced in his country. everything was according to the standards. standards. companies involved, and to rebuild the trust of the european consumers. the trust of the european consumers. the european system clearly isn't working? working? that means that the european procedures have worked. procedures have worked. that there are frauds in many other issues, not only in in this field. issues, not only in in this field. procedu
dna testing across the eu. bute, used on horses, but should not be in the human food chain. not be in the human food chain. right across europe, to get to the bottom of this problem. bottom of this problem. marked "beef", and finding it contains horse. contains horse. got this meetinging pulled together at short notice today. at short notice today. come forward with proposelia that is we wanted. is we wanted. products, that will help reassure the consumer. the consumer. informed about...
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Feb 25, 2013
02/13
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CNBC
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we saw the eu downgrading france's budget deficit forecast last friday. the defense finance minister just came out and said we're maintain the cutting deficit concerns and 2013 will be a year of major structural reform in france. we'll see what he delivers. david einhorn has been pushing his own plan to get apple to unlock more cash by issuing p perpetual preferred shares. his request was denied to seek an advisory vote on executive pay. apple is holding its shareholder meeting on wednesday. sgha l. >>> ny capital is reportedly selling a bond trade. one of the companies that came to its rescue. the deal could be announced this week. it reportedly clus knight's institutional bond trading business. nye is pretty flat in frank frurt. still to come, plenty more to come with kelly in barcelona. in the meantime, head to our website for the latest in mobile trends. we want to know which trend you're most excited about, as well. e-mail us, or tweet us. still to come on the show, the blame game continues over deepwater wore rideson as bp heads to court today for a
we saw the eu downgrading france's budget deficit forecast last friday. the defense finance minister just came out and said we're maintain the cutting deficit concerns and 2013 will be a year of major structural reform in france. we'll see what he delivers. david einhorn has been pushing his own plan to get apple to unlock more cash by issuing p perpetual preferred shares. his request was denied to seek an advisory vote on executive pay. apple is holding its shareholder meeting on wednesday....
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Feb 19, 2013
02/13
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. >> new car registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to today's, a bit of a transport theme going on this morning. >> or lack thereof. >> well, there's bmw, has their recalled. you have to take your one and three series back. >> the thing about the bmw is people have to take them to the special bmw shop, anyway. when you have a recall like this, it's a pretty straightforward process for owners. >> then making a replica of the "titanic." some people are worried they're making it in a chinese shipyard. >> they're pitching this with "titanic" with a twist. some say the twist should be maybe this time it won't sink. >> they are going to do the original sailing route. what happens whe
. >> new car registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all...
WHUT (Howard University Television)
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Feb 24, 2013
02/13
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WHUT
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are the potential solution, a new patent court was set up this week working for the eu. one longtimee -- campaigner is the creator of the radio. he revealed he may have to sell up his home in london, a place that is his invention headquarters. >> this is in the guinness book of records. have devices inside there. when you put your foot down, every time you do that, a little tweak of electricity comes through. it is injected into your mobile phone battery. i call myself an inventor. this workshop is where it all began. the is a graveyard of thousand domestic appliances. i am known for making the clockwork radio. that is how i wound up. i was watching the program about the spread of hiv aids in africa. the only way they could stop this disease was through radio. there was a problem. most people in africa did not have electricity. the only other form of electricity was in the form of batteries. i am thinking to myself, all those years ago, i could see myself with an old-fashioned gramophone. -- wound this thing up this thing up. it produces the volume of sound. there must b
are the potential solution, a new patent court was set up this week working for the eu. one longtimee -- campaigner is the creator of the radio. he revealed he may have to sell up his home in london, a place that is his invention headquarters. >> this is in the guinness book of records. have devices inside there. when you put your foot down, every time you do that, a little tweak of electricity comes through. it is injected into your mobile phone battery. i call myself an inventor. this...
WHUT (Howard University Television)
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Feb 7, 2013
02/13
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WHUT
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they cannot afford any cut in revenue from the eu. northern european nations are close to the uk position. the french suggest david cameron may have to back down a bit. >> a compromise is possible, but we must be reasonable, so we need to reason with those who want to cut the eu budget. >> one of the front lines in the battle of the budget is here at the european union -- european commission. the cost of running the european union is actually a relatively small part of overall spending, yet some governments say that staff numbers and salaries must be cut here in order to reduce that spending. some eu workers went on strike this weekend against that idea. they point out the ee you is being asked by its members to do more with potentially less money -- the eu is being asked by its members to do more with potentially less money. >> i am george alagiah. the top stories this hour -- a black day for australian sport. widespread doping is uncovered, as well as allegations of match fixing. we are going to stay with that story. with me is an a
they cannot afford any cut in revenue from the eu. northern european nations are close to the uk position. the french suggest david cameron may have to back down a bit. >> a compromise is possible, but we must be reasonable, so we need to reason with those who want to cut the eu budget. >> one of the front lines in the battle of the budget is here at the european union -- european commission. the cost of running the european union is actually a relatively small part of overall...
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Feb 5, 2013
02/13
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CNBC
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we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good contra indicators. >> sorry, media friends. but this is not exactly the best of -- >> we always have timing. on today's show, we're in zurich where we hear from the ceo of ubs about the group's outlook. the swiss bank won to a loss in the fourth quarter. >> and is we'll head out to california for a look at the next offer. it's due to be released later today. we'll be live in madrid as the spanish prime minister's party pledges to fight corruption allegations that have prompted calls for his resition naz. >> and for its to earn its annual forecast on a weaker yen, we have i
we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that's a bump in the road or the start of a down trend. >> you have the front cover, these are all good...
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Feb 16, 2013
02/13
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KQEH
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eu trade pac would have to be approved by the eu's 27 member states and by the u.s. congress. question how likely is a u.s. eu free trade agreement by next year. mort? >> highly likely. it is such a game changer everybody will realize what an enormous benefit it is. there are going to be regulatory problems we have to work out with the common market, agricultural issues as you suggested here but ultimately, it is such a plus for both sides that this is going to go through. won't be easy but it will get done. >> is my recollection correct that you predicted this on this program what three or four weeks ago? >> yes several weeks ago. that's right. >> did you have insider information on this? >> yes, i did. >> who did you talk to? >> i'll get back to you on that. >> why don't you get back to us right now. did you talk to the brits? >> i'm not in a position to talk about how i got it. i found out we were doing this. >> do you realize how huge this deal would be? >> yes, it is an absolutely constructive steps for both sides i don't no it is not. >> why? >> i'll tell you why. mort,
eu trade pac would have to be approved by the eu's 27 member states and by the u.s. congress. question how likely is a u.s. eu free trade agreement by next year. mort? >> highly likely. it is such a game changer everybody will realize what an enormous benefit it is. there are going to be regulatory problems we have to work out with the common market, agricultural issues as you suggested here but ultimately, it is such a plus for both sides that this is going to go through. won't be easy...
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Feb 14, 2013
02/13
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KCSM
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after years of very little progress, the e appears to -- the eu appears to have an ally in what has. >> president obama announced the start of trade negotiations on a trade deal. brussels said talks could begin before summer. if successful, those negotiations would result in the biggest financial trade deal ever. >> the eu and u.s. already trade some 2 billion euros worth of goods and services every day. about 1/3 of total global commerce. president obama wants to bring that commerce into what would be the world's biggest free trade zone. the european commission says that would have world wide applications. >> which translates into tens of billions of euros every year and tens of thousands of new jobs. this offers us a great perspective at a time when we are gradually making our way to recovery. most important of all, it is a boost to our economies that does not cost 1 cent of taxpayer money. >> both sides stand to benefit. economists to warn that negotiations will be tough. the eu and washington disagree on issues ranging from industrial trade barriers and agricultural standards to
after years of very little progress, the e appears to -- the eu appears to have an ally in what has. >> president obama announced the start of trade negotiations on a trade deal. brussels said talks could begin before summer. if successful, those negotiations would result in the biggest financial trade deal ever. >> the eu and u.s. already trade some 2 billion euros worth of goods and services every day. about 1/3 of total global commerce. president obama wants to bring that...
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Feb 8, 2013
02/13
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KQED
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the fight over how much the eu spins and on what continues -- the fight over how much the eu spends and done what continues. >> a shocking discovery ford u.k. consumers. a brand of ready-made lasagna contained horse meat rather than beef. the manufacturers withdrew it on monday but say they do not believe there is not a -- they do not believe there is a safety problem. the eating of horse meat is quite a taboo. a member of the u.s. commerce community faces a long prison sentence for his role in a series of attacks in which victims hair and beards were forcibly cut off -- a member of the u.s. amish community. he and 15 members of his breakaway group were found guilty of five hate crimes in the american state of ohio. heavy snowfall started in the northeast of the united states. it is the beginning of what is predicted to be a massive, even historic, a blizzard. people have been stocking up on food and other supplies ahead of the storm, which is poised to dump up to a meter of snow from new york city to boston and beyond. the parents of a teenage girl shot dead days after appearing at pre
the fight over how much the eu spins and on what continues -- the fight over how much the eu spends and done what continues. >> a shocking discovery ford u.k. consumers. a brand of ready-made lasagna contained horse meat rather than beef. the manufacturers withdrew it on monday but say they do not believe there is not a -- they do not believe there is a safety problem. the eating of horse meat is quite a taboo. a member of the u.s. commerce community faces a long prison sentence for his...
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Feb 18, 2013
02/13
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. >> the prime minister gave the house an update on the eu negotiations on the budget, and he will know that regional aid, which comes from the eu, plays an important role for some of the regional assemblies when it comes to attracting inward investment. will he update the house on the continuation of regional aid? >> the outcome of the budget leaves the amount of overall regional aid that britain will receive broadly similar to the last period at around 11 billion. there are changes in the definitions of regions, partly because of the new concept of transition regions. what we now need to do is to sit down, as the united kingdom, and work out how best to make sure that the money is fairly divided between wales, northern ireland, scotland and england. there are transition regions in england that are looking to benefit, but i am sure that we can have fruitful discussions and come to a good conclusion. >> is my right honorable friend amused that the leader of the opposition and the deputy prime minister are both trying to claim credit for his brilliant achievement of a real-terms cut in t
. >> the prime minister gave the house an update on the eu negotiations on the budget, and he will know that regional aid, which comes from the eu, plays an important role for some of the regional assemblies when it comes to attracting inward investment. will he update the house on the continuation of regional aid? >> the outcome of the budget leaves the amount of overall regional aid that britain will receive broadly similar to the last period at around 11 billion. there are...
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Feb 18, 2013
02/13
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CSPAN
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. >> the prime minister give an update on the eu negotiations on the budget. the prime minister will know that -- which comes from the eu plays an important role for some of the recent assemblies when it comes to attracting inward investment. can he give the house an update on the continuation of regional? >> what i would say to the honorable gentleman is that the outcome of the budget leaves the amount of overall a that britain will be receiving broadly ummer to the last period at around 11 billion euros. to our changes in the definitions of regions, part of because there's this new concept of a transition region that has come in, and so what we now need to do is to sit down as the united kingdom and work out how best to make sure the mony is fairly divided between wales, northern ireland, scotland and england. for our transition regions in england that are looking to benefit but ensure we have discussions and come to good conclusions. >> is my right honorable friend and is the leader of the opposition and the deputy prime minister are both trying to claim cr
. >> the prime minister give an update on the eu negotiations on the budget. the prime minister will know that -- which comes from the eu plays an important role for some of the recent assemblies when it comes to attracting inward investment. can he give the house an update on the continuation of regional? >> what i would say to the honorable gentleman is that the outcome of the budget leaves the amount of overall a that britain will be receiving broadly ummer to the last period at...
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Feb 14, 2013
02/13
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the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are right. portuguese annual quality around 1.8% quarter on quarter. 1.9% in the third quarter. the year on year, 3.8%. again, that is worse than expected. >> well, because, again, to annualize these figures, and this is what i'm used to looking.1.8% on the quarter points to something like 6.7% annualized pace. it's a really deep decline. >> meanwhile, did we mention this? greece's economy, unemployment rate sitting 27% as of november. >>> so with those numbers, let's get out to jens nordic. we are just seeing euro/dollar to 1.3340. we hit a little weaker than this, 1.3 25, somewhere around there. where -- and dollar index is at a one-month high. do these gdp numbers matter for the future direction of the euro? because a lot of people are pointed to do pmi and the ifo signaling the worst is behind us. >> i think they actually do matter. i think we're
the eu -- not eu. i keep saying eu. eurozone, sorry, my apologies, fourth quarter gdp number minus 0.6%, points to about an annual contraction of around 0.5% if my numbers are right. portuguese annual quality around 1.8% quarter on quarter. 1.9% in the third quarter. the year on year, 3.8%. again, that is worse than expected. >> well, because, again, to annualize these figures, and this is what i'm used to looking.1.8% on the quarter points to something like 6.7% annualized pace. it's a...
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Feb 19, 2013
02/13
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they barred north korea banks from opening new branches in the eu. they banned be export and imports of components that could be used in ballistic missiles including certain types of aluminum. they put a satellite into orbit. >>> chinese officials have taken over management of a port in pakistan. officials from a chinese state run firm akwared the right to control gwadar port. it lies near the strait of hormuz. pakistani president and chinese ambassador attended a handover ceremony in the capital islamabad. it imports most of its crude oil from the gulf. >> it gives new importance to pakistan-china relations. it takes a step further into the realm of economic cooperation. the chinese ambassador says much of asia remains unstable. he said they must take advantage when they see openings. >> under this new situation, china-pakistan should work more closely to seize opportunities and to meet challenges. >> chinese companies were solved in a series of port projects in myanmar. the entrance into pakistan has raised concerns among leaders in neighboring ind
they barred north korea banks from opening new branches in the eu. they banned be export and imports of components that could be used in ballistic missiles including certain types of aluminum. they put a satellite into orbit. >>> chinese officials have taken over management of a port in pakistan. officials from a chinese state run firm akwared the right to control gwadar port. it lies near the strait of hormuz. pakistani president and chinese ambassador attended a handover ceremony in...
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Feb 12, 2013
02/13
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the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea related tensions and developments, geopolitical issues like this have had impact on the korean market. so that explains the absence of such strong reaction on the stock market. but the latest that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been p
the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea...
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Feb 19, 2013
02/13
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but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian members elected, male and female. and i think you will continue to see that. you know, speak who else? >> well, you have, i think there are several -- you one who is a korean and i think we have one korean-american come and i think you will see more going forward because you've got a lot of asian-americans who are mayors, you know, in major cities. and i think that the answer is i think it would be very helpful to have more asians, americans as members of congress. and, of course, you had a governor who is now ambassador, whose or secretary of commerce,
but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian...
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Feb 18, 2013
02/13
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but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian members elected, male and female. and i think you will continue to see that. you
but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian...
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Feb 8, 2013
02/13
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the present system to finance the eu is the most unjust and unfair that there is. five of the richest countries pay relatively less than the 10 poorest ones. they are all new member states. parliament has proposed an overall reform based on new owned resources, and we are pleased what you have to say about that. france will fight. it accepts the principle. but you said the limitation is going to fight to put a seating on his own contribution which means of course making this tougher and more expensive for the poorest countries. the alchemist in the council might end up with some way of reducing, reducing the next seven years cohesion for expenditures for hunters like greece, portugal, spain, hungary. these countries need europe now more than ever before. they are suffering more than ever before. they have make more sacrifices than ever before and now we're deciding to help them even less. and, of course, they didn't have the political means to stand up and defend themselves. mr. president, going along with a compromise on such a basis is saying that you want a euro
the present system to finance the eu is the most unjust and unfair that there is. five of the richest countries pay relatively less than the 10 poorest ones. they are all new member states. parliament has proposed an overall reform based on new owned resources, and we are pleased what you have to say about that. france will fight. it accepts the principle. but you said the limitation is going to fight to put a seating on his own contribution which means of course making this tougher and more...
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Feb 1, 2013
02/13
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. >>> a bit of news out from google concerning the eu. it is now analyzing google proposals. no word on when they may finish analyzing it. >>> goombling, casinos took in $3.4 billion, up 7% from a year ago. but below forecasts of 10% to 12% growth. analysts attribute the low numbers to the traditional lull before the new year. this is all in macau, of course. these vip gamblers have scaled back their betts last year because of the uncertain economic outlook and the clampdown on corruption. in the auto world, toyota says its china sales are looking up. the world's largest carmaker sold more than 72,000 vehicles in china in january. that's up 24% from a year ago. it was toyota's first year on year growth since june 2012 in the country. anti-japanese sentiment has been hurting sales in china. but on the domestic front, toyota sales slipped 15% in january as government incentives expired. honda suffered an even steeper 53% drop. and staying with japan, we're seeing a couple of old school japanese electronics. toshiko has the story for us. >> hi, ross. struggling japanese electron
. >>> a bit of news out from google concerning the eu. it is now analyzing google proposals. no word on when they may finish analyzing it. >>> goombling, casinos took in $3.4 billion, up 7% from a year ago. but below forecasts of 10% to 12% growth. analysts attribute the low numbers to the traditional lull before the new year. this is all in macau, of course. these vip gamblers have scaled back their betts last year because of the uncertain economic outlook and the clampdown...
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Feb 2, 2013
02/13
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but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members elected, male and female, and i think he will continue to us see that. you know, -- [inaudible question] >> well, you have -- i think there are several -- one who is korean, one korean-american. at think you will see more going forward because you love a lot of asian-americans who are mayors in major cities to lend that think that if the answer is, i think it would be very helpful to have more asian americans as members of congress. and, of course, he had a governor who is now our ambassador to -- our secretary of commerce who is now our ambassador to bei
but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members...
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Feb 12, 2013
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build up, let's say a balance straight situation within the european union because countries in the eu or even the euro zone are very, very different to what germany or portugal or greece or italy to the east, it's a very, very different situation, in that, that means we need also all a bit of time, education, infrastructure investment, all this is needed so that they have, let's say, a growth perspective for the next years. >> thank you. take another round of questions. >> [inaudible] >> the federal reserve hester medical increased its balance sheet since the great recession. about 20, 30 years, it didn't very all that much. suddenly very large increase. is the federal reserve comfortable in that it has an exit strategy so that we don't have either major inflation -- [inaudible] or major losses from purchasing assets and resale trying to bring back this money. thank you. >> a very quick to comment. [inaudible] i'm very happy to american colleagues. i think that we in europe -- [inaudible] [inaudible] [inaudible] >> and in the back. did you have your hand up? >> that's what we do. any
build up, let's say a balance straight situation within the european union because countries in the eu or even the euro zone are very, very different to what germany or portugal or greece or italy to the east, it's a very, very different situation, in that, that means we need also all a bit of time, education, infrastructure investment, all this is needed so that they have, let's say, a growth perspective for the next years. >> thank you. take another round of questions. >>...
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Feb 18, 2013
02/13
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution to become a star of america's >>> our entrepreneurs born or made? my next guest tells a remarkable story of innovation. she remade her own life, surviving a difficult youth in mao's china and american technology pioneer. king few is author of the memoir "bend not break." ping, great to have you on the program. thanks for joining us. >> so pleased to be here, maria. >> the memoir is actually a page turner. we were so looking forward to ha having you. it's been quite a journey. beginning with being sent to a labor camp at age 8 where you cared for
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution...
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Feb 14, 2013
02/13
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they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties. they are worried about treaty protection. also, the big and run that is being talked about at the eu is that traders that assess this tax and do the trades outside that zone, those companies will not be allowed to do any trade transactions with those 11 countries whatsoever. this is serious breaking news for investors all over the world. connell: this would hit regular investors. liz: yes, if they have international investors. this would be collected from investors around the world. it is basically an overreach. that is what they are upset about. they are
they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties....
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Feb 18, 2013
02/13
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution to become a star of america's [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese fold it all up and boom! i just made an unbeatable unsloppy joe pillsbury grands biscuits. let the making begin. faster than mandy can hang up on mr. monday. you hang up first. [ female announcer ] in just 60 seconds, you've got snack-defying, satisfying totino's pizza rolls. [ ringing ] it's on. let's roll. >>> our entrepreneurs born or made? my next guest tells a remarkable story o
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. tony t fratto, michael beschloss joining us. >>> up next "on the money," over came china's cultural revolution...
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Feb 25, 2013
02/13
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cyprus asked the eu and others for a bailout package last june, but have yet to reach a deal. >>> and now to the latest on the academy awards held sunday night in los angeles. this 85th edition saw the triumph of "argo" directed by ben affleck. it won in the best picture and two other categories. "argo" competed against several high-profile features including steve spielberg's "lincoln" and "zero dark 30." ben affleck's film received two more oscars in the film editing and adapted screenplay categories. ang lee snatched best director for "life of pi". it received the largest number of awards. there were a total of four oscars. daniel day-lewis' portrayal of abraham lincoln earned him the best actor award. he was the first man to be awarded three oscars in this category. media in iran have criticized "argo" for being what they call a highly fictitious account of the crisis and portraying iranians as evil. our correspondent in tehran says iranian producers are working on their own version of the story. >>> japan's prime minister named his choice for the next bank of japan chief. he plan
cyprus asked the eu and others for a bailout package last june, but have yet to reach a deal. >>> and now to the latest on the academy awards held sunday night in los angeles. this 85th edition saw the triumph of "argo" directed by ben affleck. it won in the best picture and two other categories. "argo" competed against several high-profile features including steve spielberg's "lincoln" and "zero dark 30." ben affleck's film received two more...
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Feb 18, 2013
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/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. >> thanks. >> tony fratto, michael beschloss joining us. >>> up next "on the money," the entrepreneur who became china's consult cultural revolution to become a star of america's capitalism. ping fu will join me. >> this is a 3d printed shoe. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> are entrepreneurs born or made? my next guest tells a remarkable story
/eu free trade agreement. i think that's really good news, coupled with what we're maybe trying to do in asia. that's at least a little bit of pro-growth common ground that both parties can try to tackle together. >> gentlemen, great to have you on the program. thanks so much. we will be watching many of these ideas manifest in the coming years. see you soon. >> thanks. >> tony fratto, michael beschloss joining us. >>> up next "on the money," the...
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Feb 11, 2013
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we have the eu rising starts, the outstanding british film. but in the major categories, clearly people do look to the bafta the way same they would look to the gloelden gloep globes to see how things were going. "argo" is seen by everybody as a pack leader. there is a strange absence there on best director. whoever wins best director will be remembered as having won in the year that the most significant contender wasn't nominated. >> why isn't he nominated? >> who knows. who knows. i think we got it right, but who knows why he wasn't. one reason is because what they've done with the oscars now is increased the best film from five up to ten. now you have i think it's nine nominations this year. of course you're going to get a mismatch because there aren't the same number of films that there were directed. >> mark, good to see you. thanks so much, indeed. >> thanks for coming by. >> always a very good turn out, as well. >> i still think silver linings with a different name would have done so well. >>> anyway, the clearing up is occurring after
we have the eu rising starts, the outstanding british film. but in the major categories, clearly people do look to the bafta the way same they would look to the gloelden gloep globes to see how things were going. "argo" is seen by everybody as a pack leader. there is a strange absence there on best director. whoever wins best director will be remembered as having won in the year that the most significant contender wasn't nominated. >> why isn't he nominated? >> who knows....
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Feb 13, 2013
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today 6,500 students from 45 states and 5 countries are enrolled at empo r*eu a state university. ranked as a tier 1 university by "u.s. news and world report" it offers the opportunity to participate in more than 130 student organizations. emporia state remains committed to training teachers to a nationally aclaimed teacher training program. if you ask someone who made a difference in your lives, no one says my senator. but they will say if not mom and dad, a teacher. educating teachers is a noble calling. in fact, the teachers college holds the international reading association award and certificate of distinction for reading preparation for elementary and secondary teachers, one of only five programs honored internationally in 2009. and in a national study of teacher education programs, emporia state was named one of only four postsecondary institutions in the nation to be identified as the exemplary model teacher education. i congratulate emporia state for their success in equipping our nation's educators. as we know, the work of a teacher impacts lives of every american now a
today 6,500 students from 45 states and 5 countries are enrolled at empo r*eu a state university. ranked as a tier 1 university by "u.s. news and world report" it offers the opportunity to participate in more than 130 student organizations. emporia state remains committed to training teachers to a nationally aclaimed teacher training program. if you ask someone who made a difference in your lives, no one says my senator. but they will say if not mom and dad, a teacher. educating...
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Feb 1, 2013
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next is the eu settlement. they sent their proposals to the eu so now that's going to be another tail wind for them versus the head winds they've seen waiting on those settlement issues. >> you can grab that guy grasso and we can arrange a little something. rumor has it that happens from time to time. >> i know where he is. one of my friends just threw him down the stairs. the camera couldn't turn in time. >> steven, sitting right to my right, weis, complaining you're cutting into his air time. >> exactly right. >> grasso, have a good weekend. catch you next week. >> enjoy yourselves. >> interesting buy that he made on goog right? a big cap tech. >> and a lot of guts because it is within 50 cents. it got within 50 cents today of the all time high. october 5th, 774.38. we got up within that much of it today. i hope that steven and the rest of the longs and goog get to enjoy the ride. >> it is so interesting there was a time where you thought that apple and google would make this tandem climb higher and then goog
next is the eu settlement. they sent their proposals to the eu so now that's going to be another tail wind for them versus the head winds they've seen waiting on those settlement issues. >> you can grab that guy grasso and we can arrange a little something. rumor has it that happens from time to time. >> i know where he is. one of my friends just threw him down the stairs. the camera couldn't turn in time. >> steven, sitting right to my right, weis, complaining you're cutting...
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. >>> the eu leaders have agreed to a drastically reduced budget. the seven-year deal for 1.28 trillion dollars is the first spending cut in the union's 27-year history. it must still be approved by the eu parliament and lawmakers are already suggesting massive cuts are not acceptable. police in three western states and mexico are still searching for a former lapd officer who was accused of killing three people and threatening dozens more. let's get an update tonight from lapd headquarters and correspondent alicia acuna. >> reporter: because of the heavy snow in the mountains, the air search with the heat seeking equipment they've been using has been grounded. however, officials do say snow on the ground does help them track folks. >> our folks are highly trained. that's what h we train for. >> reporter: the manhunt for christopher dorner carries on despite the snow. >> we're going to continue searching until either we discover that he left the mountain or we find him, one of the two. >> reporter: the last signs of the fired lapd officer were the tr
. >>> the eu leaders have agreed to a drastically reduced budget. the seven-year deal for 1.28 trillion dollars is the first spending cut in the union's 27-year history. it must still be approved by the eu parliament and lawmakers are already suggesting massive cuts are not acceptable. police in three western states and mexico are still searching for a former lapd officer who was accused of killing three people and threatening dozens more. let's get an update tonight from lapd...
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Feb 4, 2013
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you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earni
you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and...